What is the rental vacancy rate in Franklin Park, NJ?
The rental vacancy rate in Franklin Park, NJ is 0.0% (±1.9 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.0% (±1.5 points).
0 (±22) homes, 0.0% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Franklin Park, the rental vacancy rate went from 1.7% in 2015–2019 to 0.0% in 2020–2024 (−1.7 percentage points), not a measurable change.
Figures last updated on .
- Rental vacancy rate
- 0.0% (±1.9 points)
- Homeowner vacancy rate
- 0.0% (±1.5 points)
- Vacant homes
- 0 (±22)
Vacancy in Franklin Park against Somerset County, its state and the nation
| Franklin Park | Somerset County | New Jersey | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 0.0% (±1.9 points) | 2.0% (±0.8 points) | 3.5% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 0.0% (±1.5 points) | 0.3% (±0.2 points) | 0.7% (±0.1 points) | 0.9% |
| Vacant housing units | 0 (±22) | 2,837 (±431) | 283,653 (±4,943) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Franklin Park, the rental vacancy rate is not measurably different from Somerset County (2.0%).
It is also lower than in New Jersey (3.5%).
It is lower than the national figure (5.5%).
Rental vacancy rate in places near Franklin Park
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Franklin Park | — | 0.0% (±1.9 points) | — |
| Six Mile Run | 1.8 mi | 3.5% (±5.5 points) | Not measurably different |
| Kendall Park | 2.4 mi | 0.0% (±8.2 points) | Not measurably different |
| Ten Mile Run | 2.8 mi | 0.0% (±29.0 points) | Not measurably different |
| Deans | 3.2 mi | 0.0% (±65.9 points) | Not measurably different |
| North Brunswick Township | 3.3 mi | 0.1% (±0.2 points) | Not measurably different |
| Voorhees | 3.7 mi | 0.0% (±13.3 points) | Not measurably different |
| Blackwells Mills | 3.9 mi | 0.0% (±25.5 points) | Not measurably different |
| Middlebush | 4.0 mi | 0.0% (±100.0 points) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Somerset County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 7 | East Franklin | 1.6% (±2.5 points) |
| 8 (tie) | Belle Mead | 0.0% (±5.9 points) |
| 8 (tie) | Blackwells Mills | 0.0% (±25.5 points) |
| 8 (tie) | Bradley Gardens | 0.0% (±8.5 points) |
| 8 (tie) | Bridgewater Center | 0.0% (±19.1 points) |
| 8 (tie) | Franklin Center | 0.0% (±6.4 points) |
| 8 (tie) | Franklin Park | 0.0% (±1.9 points) |
| 8 (tie) | Hillsborough | 0.0% (±2.4 points) |
| 8 (tie) | Kingston | 0.0% (±14.4 points) |
| 8 (tie) | Liberty Corner | 0.0% (±14.7 points) |
| 8 (tie) | Lyons | 0.0% (±71.2 points) |
| 8 (tie) | Middlebush | 0.0% (±100.0 points) |
| 8 (tie) | Neshanic Station | 0.0% (±7.9 points) |
Showing 13 of 24 places in Somerset County, ranked from highest to lowest.
Franklin Park is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Franklin Township (Somerset County), whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Franklin Park
Is it hard to find a rental in Franklin Park?
The rental vacancy rate in Franklin Park, NJ is 0.0% (±1.9 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Franklin Park tighter than it was?
In Franklin Park, the rental vacancy rate went from 1.7% in 2015–2019 to 0.0% in 2020–2024 (−1.7 percentage points), not a measurable change.
How many homes are vacant in Franklin Park?
An estimated 0 (±22) housing units, 0.0% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin Park CDP, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Franklin Park CDP, New Jersey
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Franklin Park CDP, New Jersey (place:25020, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Franklin Park at a glance
- Median rent in Franklin Park
- Rent by bedrooms in Franklin Park
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- Renters and owners in Franklin Park
- Income and affordability in Franklin Park
- Home values in Franklin Park
- Homeowner costs in Franklin Park
- Property taxes in Franklin Park
- Types of homes in Franklin Park
- Bedrooms in Franklin Park
- Age of homes in Franklin Park
- Heating fuel in Franklin Park
- Commute and cars in Franklin Park
- Population growth in Franklin Park
- How long people stay in Franklin Park
- Crowding and facilities in Franklin Park
- New Jersey landlord and tenant rules
- Housing across Somerset County
- New Jersey places ranked by rental vacancy rate
- Housing data for every place in New Jersey